Ethereum ETFs Are Pulling Ahead—At Least for Now
Bitcoin ETFs aren’t exactly struggling, but they’re not the clear favorite they used to be. Over the past week, Ethereum-focused funds have seen stronger net inflows, suggesting investors might be shifting their attention—or at least spreading it around.
The numbers tell the story. Bitcoin ETFs still hold way more assets overall, but Ethereum funds added nearly 46,000 ETH in just seven days. That’s not nothing. Meanwhile, Bitcoin ETFs saw a net increase of about 2,226 BTC. Respectable, sure, but not quite the same momentum.
Bitcoin’s Mixed Bag
BlackRock’s iShares Bitcoin Trust (IBIT) is still the heavyweight, holding almost 700,000 BTC. Last week, it pulled in another 3,998 BTC. Fidelity’s FBTC isn’t far behind, adding 1,680 BTC in a single day. But then there’s Grayscale’s GBTC, which keeps bleeding assets—another 1,141 BTC flowed out in 24 hours.
It’s not all bad news for Bitcoin, though. Across all funds, holdings grew by 7,726 BTC for the week. Still, the fact that some major funds are losing ground while others gain makes you wonder. Is this just normal market churn, or are investors getting pickier?
Ethereum’s Steady Climb
Ethereum ETFs, on the other hand, seem to be on a steadier upward path. BlackRock’s Ethereum fund (ETHA) added over 29,000 ETH in a week—no small feat. Grayscale’s ETHE had a rough patch with outflows, but even then, it saw a one-day influx of 4,063 ETH. Bitwise’s ETHW also quietly stacked up another 4,284 ETH.
What’s interesting here isn’t just the raw numbers. It’s the consistency. Ethereum funds aren’t just riding a wave of hype; they’re building steady interest. Maybe it’s the staking yields, or maybe institutions are finally warming up to ETH as more than just “the other crypto.” Either way, the gap between Bitcoin and Ethereum ETFs isn’t as wide as it used to be.
What’s Next?
None of this means Bitcoin is losing its crown. It’s still the big player, with over 1.2 million BTC held in ETFs. But Ethereum’s growth is hard to ignore. If this keeps up, we might be looking at a market where the two giants aren’t just competing—they’re pulling the entire ecosystem in slightly different directions.
For now, though, it’s just a trend. A noticeable one, but still just a trend. Markets change fast, and next week could tell a completely different story.
